Grove Street

This Duplex was acquired for $110,000 in cash. The property was purchased below market value with $17,200 in cost for remodeling and required repairs. After completion of remodeling, repairs, and new tenants moved in, the asset is was generating $1,500 a month with tenants paying all utilities. Property was held for just under 3 years. Sale price of assets was $165,900 with an IRR of 14.53%.